The number of people trying to earn residual income on the Internet is staggering. Why are so many people failing at that seemingly unattainable goal to earn residual income that they can retire on?

The number one reason most people fail to earn residual income is because they lack the patience to build a residual income. Residual income comes in over a period of time and is not a lump sum payment. It takes time to develop memberships or customers who will order a product on a monthly basis. Only then you will be able to earn residual income. This is accomplished through list building ie; write articles, create a blog and others.

Many years ago, a very famous network marketing guru sent out a snail mail on his latest offering. In the letter he described how he sent out 1000 letters and signed up 400 people in his Online Network Marketing Opportunity. He said this proves how popular this company is and you may want to sign-up now if you want to get some spillover and generate residual income.

What he failed to mention is that the 1000 people he mailed his offer to were former seminar attendees of his own making. These people paid money already to hear Mr. Guru speak about how easy it was to earn residual income using his tried and proven methods. Of course most of these people signed up with Mr Guru because they had a prior relationship and he was the expert.

Most of us don't have this advantage when we first start out trying to earn residual income. That is ok, because remember what Mr. Guru accomplished will take some time.

Most people will succeed if they just don't quit. Make sure that you join a reputable business opoportunity. If possible the company you associate with should be at least 5 years old. As I am sure you know, most companies fail in the first 5 years. It becomes very difficult to earn residual income when the company you represent goes out of business and is no longer paying it's distributors.

And don't fall for the latest "Launch" hype that is so prevalent on the Internet. Don't sign up for every opportunity that comes up in front of you. You must stay focused in order to earn residual income. Remember, the time factor we mentioned earlier. You must keep focused on generating a strong residual income so you will be able to retire on it!

Copyright (c) 2008 Jim Suzak